TITLE:
Market Foundation for Sustainable Economy Growth and Energy Policy (Georgian Case)
AUTHORS:
David Aslanishvili
KEYWORDS:
Economy Growth, GDP, Energy Policy, Stock Market, Regulatory Commission
JOURNAL NAME:
Modern Economy,
Vol.7 No.3,
March
23,
2016
ABSTRACT: In this article we have overviewed the present
conditions of Georgia and proposed some ideas about how to turn Georgia from a
backward country into a developed one. The article, “Market foundation for
sustainable economy growth and energy policy (Georgian Case)”, highlights the
importance of the strong and reliable energy system for sustainable economic
growth, their interaction, the luck of market tools and market price
(capitalization) and energy problems in Georgia, including the dysfunctions of
regulatory Commission. At the same time, we have highlighted and presented the
negative gap between the per capita GDP and energy consumption rates in Georgia
and the developed countries, like Switzerland, the US and the Europe. Also, it had
investigated the ways how to encourage economic growth in energy sector in
Georgia based on modern market tools.